Lot 3 Turnberry Loop
About This Property
Lot is close to all the many amenities at the Cliffs. Lot is just a short golf cart ride away from the restaurant, tennis courts, pool, pro shop, hotel, and marina! You're a golfer! What??? PROPERTY OWNERS in the Cliffs receive complimentary rounds of golf and discounted cart fees on the Cliffs Championship Golf course. Don't wait! Hurry out to join the fun of living in the Cliffs Resort on Possum Kingdom lake.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2023 | Sold | ||
| Sold | |||
| Jan 15, 2023 | Listed by Clark Real Estate Group | $20,000 | |
| Listed by Clark Real Estate Group | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20239110
Details provided by NTREIS and may not match the public record
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